CCP 07-25-2006 (2) - Laserfiche WebLink

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. Other Developments Brighton Village Femelius reported that the City had a meeting with Kraus-Anderson and a hotel developer last week. The hotel developer is planning a 90 to 95 room extended stay hotel which would sit on two acres of the site that they would purchase from Kraus-Anderson. The hotel wants tax increment assistance, which is an issue since the whole site is already under a tax increment district. Kraus-Anderson has stated that they are no longer interested in the tax increment district, however the hotel has not indicated how they would use the money, and another meeting has been set up for next week to discuss a more specific plan. Stang inquired if the hotel owner has additional hotels in the area. Femelius replied that the owner has six other hotels and one extended stay hotel. Kaufhold inquired if the City could push the realignment of the road. Femelius replied that a realignment ofthe road has not been on the plans that the City has looked at. The City has been telling Kraus-Anderson that is wants a comprehensive plan for the entire site, not just the hotel. . Flahave inquired how the neighbors in the area feel about the hotel corning in. Femelius replied that for the most part the neighbors are happy that something is being done with the site. However, several neighbors have been complaining about the demo pile that has been left on the site. Kraus-Anderson has agreed to an immediate cleanup of the debris and remove the existing pads. Delaune asked if the bank will be included in the redevelopment. Femelius replied that the bank will not be included. Stang asked if Champps would be going forward with their planned expansion. Fulton replied that since Kraus-Anderson purchased Champps, revenues have fallen short of what was predicted and the expansion has been put on hold. Mary's Transmission Property Femelius reported that a development agreement is in negotiations to redevelop Marv's Transmission into a small office building. The building will be subdivided into separate condominium suites and sold to professional office users. Taylor Property Femelius announced that a developer is interested in this site for a corporate office. The building would be roughly 40,000 square feet. The developer has discovered a large debris pile on the site and is interested in receiving a tax increment assistance to help with the cleanup. . Other Updates City Manger Recruitment Process Larson reported that ten firms have submitted proposals. Council will be looking at each one and then select three firms to interview next week. A firm should be selected by the end of the month. The Council is hoping to have a new City Manager in place by October or November of this year. Page 4 of5